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Re: Penny Machine post# 17104

Thursday, 08/25/2011 3:42:21 PM

Thursday, August 25, 2011 3:42:21 PM

Post# of 23361
Well for it to go up, you need people willing to buy it at its current price and higher. Based upon today's volume (well actually the lack of any volume), you should be thanking your lucky stars that no one decided to dump this loser.

The 10Q just published tells anyone with even a modicum of due diligence experience that this is not a stock to own as an investment for appreciation. With some liquidity, it might be good for day trading but that's about it.

Of course, there is always the chance there will be something in the next 10Q to change my mind but that's a long way away. Better to sell at these inflated prices then buy back in when there is some reason to believe that things are getting better. Right now, there are none.

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